Tax Reporting

The Tax Reporting process is used for carrying out legal tax reporting via paper/file to the various tax offices. The process starts after tax transactions are updated to the tax ledger, which automatically happens when updating to the general ledger. The original transactions are created in Invoice, Payment and Accounting Rules. A fetch of additional tax ledger information is performed to update the tax transactions with information from Invoice, e.g. Invoice version and Tax Base Amount, from Enterprise, e.g. Tax No, and from Accounting Rules, e.g. Tax Type and Tax Percent.

To generate tax reports, you start by creating a tax report proposal based on date/period selection, tax office and tax report. The tax report proposal must then be acknowledged, and a tax report is created with output data on file or other media, depending on used report template. If for some reason a tax report must be deleted, this can be handled.

Before you start the process check that Basic Data Required (BDR) has been set up.

IFS Business Analytics can be used to create and analyze information based on the tax transactions available in IFS Applications. For more information refer About Information Sources in IFS Business Analytics.